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Resolute Mining Limited Investor Presentation 2020
10548_rns_2020-02-25_235368c3-e924-44aa-ac52-3edb48909a4b.pdf
Investor Presentation
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Mine Gold. Create Value.
John Welborn | Manager Director and CEO BMO Global Metals & Mining Conference | 26 February 2020
Resolute Portfolio
Syama
Syama Complex comprises the Syama Underground Mine, a world class, fully automated sublevel cave, and the Tabakoroni Open Pit Mine
Mako
Mako is a high quality, low-cost producing asset with attractive scale, located in the stable, mining friendly jurisdiction of Senegal
Ravenswood Bibiani
Resolute's sale of Ravenswood for proceeds of up to A$300 million is on schedule to complete prior to the end of March 2020
Bibiani is a potential long life, high margin operation which offers significant optionality for Resolute; currently subject to a strategic review
Note: Mineral Resource is inclusive of Ore Reserve and is as at 31 December 2019. Production and AISC numbers are based on 2020 guidance except for Bibiani which is based on the Company's latest study. Numbers subject to rounding.
Syama Gold Mine Mali
The most advanced mining system in the world FY20 Guidance: 260,000oz at an AISC of US$960/oz
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Syama Underground Mine
The most advanced mining system in the world
Commenced sublevel caving in December 2018 Commercial production rates achieved in June 2019
Mine Based Off-Grid Hybrid Power Solution
Solar System Solution
One integrated power station – ensuring optimal operations
Single operation, designed for maximum efficiency
Standard plant design used for each technology; integration of technology provides unique value
Replacing LFO with HFO – achieving ±30% fuel efficiency benefit
Solar penetration ±30%
Battery Energy Storage System Digitalisation Integration Significantly greener and reduced emissions
Fast-track implementation
The station will be modular and expandable to meet likely future growth requirements of the mine
Experienced business partner in Aggreko in providing off grid remote mine power solutions
Automation Innovation at Syama
Autonomous Drilling Autonomous Truck Navigation The most advanced mining automation system in the world
The Impact of Digitalisation and Automation
The Impact
Efficiency
PRODUCTIVITY
– TONNES / METRES
AUTOMATED MINE 15% - 20% Gain
- Remotely Operated Machinery
- Autonomous Drilling
- Autonomous Loading
- Autonomous Haulage
DIGITAL MINE 10% - 15% Gain
- Tracking and Visualisation
- Task Scheduling and Optimisation
MANUAL MINE
The Impact Safety
Operator removed from unsafe environment
Developing a local skilled workforce that creates sustainable value for communities and all stakeholders.
The Impact
Productivity
The Impact People
The Malian Talent Development Program
2019 Winner Best Workforce & Industry Development Initiative
Mining smarter using automation, advanced technologies and innovative techniques.
Active, Multi-Rig Exploration Program
Resolute controls 80km strike length of Syama greenstone belt
Tabakoroni: High Grade Intersections
Scoping study for a new standalone underground operation underway Underground Mineral Resource of 780,000oz at 5.1g/t Au
Mako Gold Mine Senegal
High quality, low cost producing asset with attractive scale FY20 Guidance: 160,000oz at an AISC of US$800/ US$800/oz
High Grade Intersections Below Existing Pit
Drill results support mine life extension potential
- High grade intersections from diamond drilling below the current pit confirm the potential of a coherent lode at the north-eastern end of the existing open pit
- Opportunity to expand open pit Mineral Resources and extend mine life
- New joint ventures provide additional satellite resource potential
- 2020 focus: follow-up on high- grade intersections under the existing pit and test shallow oxide mineralisation identified on adjacent permits
Ravenswood Gold Mine Australia
Total sale proceeds to be received by Resolute up to A$300 million FY20 Guidance: 80,000oz at an AISC of US$1,200/oz
Targeting Sale completion during March 2020 Quarter
Bibiani Gold Mine Ghana
Long life, high margin growth optionality Strategic review advanced
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Strategic Investments in Africa
Objective Establish a portfolio of investments in emerging gold explorers to expand our project pipeline and provide a source of medium term potential growth opportunities
Focus
Equity investments in African focused explorers in highly prospective gold regions
Resolute is committed to the World Gold Council's Responsible Gold Mining Principles
Corporate Summary (ASX / LSE : RSG)
| Capitalisation | A$ | £ | US$ | ASX Price Performance |
|---|---|---|---|---|
| Share Price | $1.18 | £0.60 | $0.78 | $2.25 |
| Shares on Issue | 1,036m | |||
| Market Capitalisation | $1,222m | £623m | $807m | $2.00 |
Top 10 Shareholders
| 1 | ICM Limited | 12.60% |
|---|---|---|
| 2 | Van Eck Associates Corporation | 9.25% |
| 3 | L1 Capital | 5.86% |
| 4 | QG Investments Africa | 3.98% |
| 5 | The Vanguard Group | 3.90% |
| 6 | Dimensional Fund Advisors | 3.51% |
| 7 | Baker Steel Capital Managers | 3.51% |
| 8 | FMR | 2.90% |
| 9 | BlackRock | 2.61% |
| 10 | Schroders | 2.05% |
FY20 Guidance (1)
Trading Statistics 500koz at US$980/oz AISC
LTM Average Daily Trading Volume: 10.3m Value: A$13.7m
Note: Market data as at 25 February 2020. Top 10 Shareholders as at 6 February 2020. Note (1) Guidance to be revised following the sale of the Ravenswood Gold Mine.
Contacts
John Welborn | Managing Director & CEO Jeremy Meynert | General Manager –BD & IR EMAIL | [email protected] PHONE | +61 8 9261 6100
